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Capital Stock And Plant Machinery

Volume 981: debated on Friday 21 March 1980

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asked the Chancellor of the Exchequer (1) what increase there has been from 1964 to 1978 in percentage terms in gross capital stock and plant machinery, respectively, at constant prices in manufacturing industry and index of production industries;(2) what increase there has been in percentage terms in gross capital stock and plant and machinery, respectively, at

constant prices from 1964 to 1978 in each of the following industries: (

a) agriculture, fishing and forestry, ( b) mining and quarrying, ( c) food, drink and tobacco, ( d) coal and petroleum products, chemical and allied industries, ( e) metal manufacture, ( f) bricks, pottery, glass and cement, ( g) timber and furniture,


Percentage increase between end-1964 and end-1978 at constant (1975) replacement cost


(a) All assets(b) Plant and machinery
All industries6490
Agriculture, forestry and fishing6228
Index of production industries6170
Mining and quarrying including petroleum and natural gas.200121
Manufacturing of which:5469
Food, drink and tobacco74112
Coal and petroleum products, chemicals and allied industries.7592
Iron and steel4456
Other metals, engineering and allied industries†.4346
Bricks, pottery, glass, cement etc.81104
Timber, furniture, etc.71108
Paper, printing and publishing5267
Textiles, leather, clothing and other manufacturing industries†.4366
Gas, electricity and water5258

* Analysis of gross capital stock is possible only by industry of ownership. Consequently leased assets are mainly included within estimates for the distributive and service trades, rather than within estimates for the production industries where most of them are used. The figures in the table may therefore slightly understate growth in fixed assets available in the production industries.

† Separate estimates of gross capital stock for the non-ferrous metal, and for the textile, industries are not available.
The method of calculating gross capital stock is described in "National Accounts Statistics: Sources and Methods", (page 383) and in articles in the October 1975 and October 1976 issues of "Economic Trends". Estimates relating to the end of 1978 are published in "National Income and Expenditure, 1979 Edition", (tables 11.12 and 11.14).